According to
msn money, Amazon is now offering loans to its online merchants. Although not officially announced, the program will offer business loans for users who sell products on Amazon.com. This move comes as many people interested in starting a business are unable to acquire traditional loans from banks. The loans are aimed at helping online merchants grow by providing financial means to buy more product. Amazon is said to be lending up to $800,000 to some sellers at interest rates ranging from 1% to 13% in addition to pre-qualifying certain sellers based on their performance in the company's marketplace. Seller can sign up for the loans directly through their Amazon merchant account, and if approved, interest payments would be automatically deducted from their account.
Would you consider taking out an online loan to help grow your business?
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